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Bekaert expands leading position in electrolysis technologies for green hydrogen energy
Bekaert concludes partnership with Pajarito Powder, Albuquerque, US, to accelerate the development of spearheading innovations in the market of green hydrogen production
Driven by the opportunities that arise from the ongoing energy transition and decarbonization trends, Bekaert is accelerating the implementation of the company’s growth strategy in renewable energy markets.
As part of this strategy, Bekaert today announces an equity investment in Pajarito Powder, a leader in the development and commercialization of advanced electrocatalysts for electrolyzers that enable green hydrogen production. Pajarito Powder is a US-based, venture-backed company funded by prestigious investors including Hyundai Motor Company and Verge Fund. The equity investment by Bekaert will support the scale-up of Pajarito Powder’s manufacturing facility in Albuquerque, New Mexico, US.
Bekaert has established a technology and market leadership position in porous transport layers for electrolysis technologies with the brandname Currento®. The company invests in the development of next generations innovative solutions for green hydrogen production as well as in expanding its production footprint to multiple GW capacity.
‘Bekaert is committed to developing green and sustainable solutions for customers, with a particular focus on improving the performance of key components necessary for the electrolysis needs of the future’, said Inge Schildermans, VP Fiber Technologies Bekaert. ‘We want to contribute to accelerating the innovation and scale-up of advanced solutions in our ecosystem. This will make the vision of a global hydrogen economy a near-term reality, and we see Pajarito Powder as a key contributor to that reality.’
‘Demand for green hydrogen is increasing as more nations recognize it as a way to meet energy needs whilst reducing carbon emissions and dependency on fossil fuels’, Pajarito Powder Chairman and CEO Thomas J. Stephenson added. ‘Bekaert is a highly regarded global technology leader whose backing, combined with our existing partners, further accelerates our ability to deliver high-performance catalyst products to the rapidly expanding green hydrogen market’.